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Nov 28, 2021 (ACCESSWIRE via COMTEX) — LOS ANGELES, CA / ACCESSWIRE / Nov 28, 2021 / Schall . law firm, a national shareholder rights law firm, reminds investors of a class action lawsuit against Camber Energy, Inc. (“Camber” or “the Company”) (NYSE American: CEI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 issued hereunder by the United States Securities and Exchange Commission.
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Investors who purchased the Company’s securities between February 18, 2021 and October 4, 2021 (the ”Class Period”) are encouraged to contact the firm before December 28, 2021.
If you are a shareholder who has suffered a loss, click here to join.
We also encourage you to contact Brian Schall, toll free of charge, of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights. You can also reach us through the company’s website at: www.schallfirm.com, or by email at [email protected].
The class in this case is not yet certified and until the certification takes place, you will not be represented by a lawyer. If you choose not to take any action, you may remain an absent class member.
According to the complaint, the company has made false and misleading statements to the market. Camber overestimated Viking Energy Group, Inc.’s business prospects. (“Viking”) and its post-merger combined businesses. The Company has not informed investors that its investment in Viking would put pressure on the already weak financial stability. An institutional investor diluted the company’s stock following the July 12, 2021 update to investors that disclosed the number of common shares issued and outstanding. Based on these facts, the company’s public statements throughout the teaching period were inaccurate and materially misleading. When the market learned the truth about Camber, investors suffered.
Join the causeto recover your losses.
The Schall Law Firm represents investors worldwide and specializes in class action securities and shareholder rights litigation.
This press release may be considered advertising for attorneys in some jurisdictions under applicable law and ethical rules.
CONTACT:
Schall . law firm
Brian Schall, Esq.,
Office: 310-301-3335
SOURCE: The Schall Law Firm
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